PennantPark Floating Rate Capital (PFLT) Announces 4.25M Share Offering

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PennantPark Floating Rate Capital Ltd. Announces Public Offering of Common Stock

January 23, 2023 4:06 PM EST

MIAMI, Jan. 23, 2023 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the Company) (NYSE: PFLT) (TASE: PFLT) today announced that it has commenced an underwritten primary offering of 4,250,000 shares of its common stock (the Offering). The Company also expects to grant the underwriters an option to purchase 637,500 additional shares of its common stock. The Offering will be made pursuant to the Companys shelf registration statement, which was filed with, and has been declared effective by, the Securities and Exchange Commission (the Commission).

The Company expects... More